are you in or out

Ok for those who are new here. Here's a run-down/mini sumamry of the current situation and from all the HC posts/articles/Anns i have read so far.

Thor Mining has a lot of potential in the ST(within 2012) and the Long-term (2013+ when we are producing).

The upcoming DFS (Definitive Feasibility Study) result is pretty much guaranteed to be MUCH better than the 2006 DFS. Thor Mining is in a very advance position to become a producer IMO.

As mentioned in the 4th April report - we NOW have a estimate of 85% recovery -> compared to
- 75% (21/1/12 ann)
- 67% (From even older results)
That's a ~18% increase.

Presvious esimates shows AU$0.9 MILLION in additional revenue per each 1% of tungsten recovery. (4/4/12 ann)

Also we now have a JORC resource of 4.7 million tonnes compared to prevoius estimate of 2.4 million.

Prices of Tungsten has also gone up from last estimate price (US $204/mtu to now $306/mtu)

As Billing has said in an interview with Proactive Investors... "if we can commernce development EARLY in the SECOND HALF of this year (2012), and at this stage we're RELATIVELY OPTIMISTIC that we can..."

After the DFS is released, Off-take & finance will happen very soon and swiftly since i believe management has already began the process. Then tender for design, construction & EPCM work will soon follow that. And this could be as early as "EARLY 2nd Half 2012".

The SP will no doubt break-out after postive DFS results and continues all the way to Off-take/Finance IMO... we could be looking at around $0.06-0.07 when Off-take is finalised. That could be in the next 3-4 months (earliest)

And don't forget our 2x Gold Project (Springhills & Dundas)... Which BOTH could have extensive effect on our value (positive effects).

Timeline of major upcoming events:
1. DFS (soon
2. Off-take/Finance (in next few mths)
3. Production setup (hopefully EARLY H2 2012).

Please DYOR
Kiddo